Watch The Lira Now

[Kanga]

There is a strange attitude to second hand here in Turkey. Even here in the village most people do not want second hand clothes. Some of ours are almost new, but we cannot give them away.

If the online sector is thriving then the lack of customers for second hand shops may be something to do with the perceived 'shame' of being seen buying second hand. Turks are proud folk.

 

[enoch]

Charter Trust has lifted it forecast for the lira dollar rate for the end of the year from 12 to 20 tl and 28 for the end of 2023

 

[IbrahimAbi]

Just been told by Wise that their rates for transfers to Turkey will rise due to an increase in banking costs.

 

[ScoobyZ]

Same here, seems to have doubled.

I do like they are transparent with the increase though, showing a before and after:

The fee to send money to Turkey is going up - 'Wise'

Unfortunately, sending money to TRY has become more expensive over the past few months. We need to raise our fees to cover the new costs.

wise.com

 

[enoch]

Same here, seems to have doubled.

I do like they are transparent with the increase though, showing a before and after:

The fee to send money to Turkey is going up - 'Wise'

Unfortunately, sending money to TRY has become more expensive over the past few months. We need to raise our fees to cover the new costs.

wise.com

At least they let you know I got an email off them saying the other day

 

[enoch]

The government bank staff have been given given quoters for getting customers to change their dollars to lira. Cumhuriyet daily

 

[Derek Payne]

Oil prices rise as key pipeline in southeastern Turkey explodes​

Oil prices have risen after a key pipeline running from Iraq to Turkey exploded in the south-eastern province of Kahramanmaraş on Jan. 18 evening, causing authorities to shut down a highway. Turkey's state pipeline operator Botaş said that Kirkuk-Ceyhan oil pipeline would be operational "as soon as possible." The cause of the explosion is not known.​

Oil prices rose for a fourth day on Jan. 19 as an outage on a pipeline from Iraq to Turkey increased concerns about an already tight supply outlook amid worrisome geopolitical troubles in Russia and the United Arab Emirates.

Brent crude futures rose 87 cents, or 1per cent, to $88.38 a barrel at 0543 GMT, adding to a 1.2per cent jump in the previous session. The benchmark contract climbed to as much as $89.05, its highest since Oct. 13, 2014.

 

[IbrahimAbi]

The government bank staff have been given given quoters for getting customers to change their dollars to lira. Cumhuriyet daily

I'll just put my coat on then.

 

[Kanga]

From FT today,

UAE agrees deal to boost Turkey’s central bank reserves

Turkey and the United Arab Emirates signed a $5bn deal to boost Ankara’s foreign currency reserves in the latest sign of warming ties between the two former arch rivals. The two nations’ central banks announced a swap agreement that they said would be worth 18bn dirhams ($4.9bn) and 64bn lira...

news.google.com

 

[Camden]

All Eyes on the Central Bank:​

The eyes of the markets are on the policy rate decision to be announced by the CBRT at 14.00 tomorrow. ​

The general forecasts of economists are that interest rates will be kept constant. Sozcu.com.tr compiled the latest predictions regarding the results of tomorrow's meeting...​

The President, on the other hand, stated that the interest rates will continue to fall, in a statement to journalists after returning from his trip to Albania yesterday. In his statement, the President stated that the exchange rate and interest rates will decrease gradually depending on the economic conditions.

Gözler Merkez Bankası’nda: İşte faiz kararı öncesi son tahminler

Gözler Merkez Bankası’nda: İşte faiz kararı öncesi son tahminler - Piyasaların gözü TCMB'nin yarın saat 14.00'da açıklayacağı politika faizi kararında. Ekonomistlerin genel tahminleri faizlerin sabit bırakılacağı yönünde. Sozcu.com.tr yarınki toplantının sonuçlarına ilişkin son tahminleri derledi...

www.sozcu.com.tr

I hope he keeps in mind the continuing price hikes ...and hardship of the man/woman in the street ..some relying on interest to supplement their income ...

New hikes in red meat are on the way​

The increase in carcass meat prices by 10 TL by the Meat and Dairy Institution was a sign of new hikes in retail prices. Although the butchers say that they have not reflected the last hike in the prices yet, the meat is sold for 15 liras more expensive in the markets.​

Kırmızı ete yeni zamlar yolda

Kırmızı ete yeni zamlar yolda - Et ve Süt Kurumu'nun karkas et fiyatlarını 10 TL artırması, perakende fiyatlarda da yeni zamların işaretçisi oldu. Kasaplar, son zammı henüz fiyatlara yansıtmadıklarını söylese de marketlerde etin kilosu 15 lira daha pahalıya satılıyor.

www.sozcu.com.tr

More than 30 percent increase in drugs​

According to the information provided by Ankara Chamber of Pharmacists, Taner Ercanlı to sozcu.com.tr, as of yesterday, over 100 drugs have increased by 30-35 percent. A hike will also come next month due to the update of the euro/TL rate used in pricing medicines.​

İlaçlara yüzde 30’un üzerinde zam

İlaçlara yüzde 30’un üzerinde zam - Ankara Eczacı Odası Başkanı Taner Ercanlı'nın sozcu.com.tr'ye verdiği bilgiye göre, dün itibarıyla 100'ün üzerinde ilaca yüzde 30-35 aralığında zam geldi. Bir zam da gelecek ay ilaçların fiyatlandırılmasında kullanılan euro/TL kurunun güncellenmesi nedeniyle...

www.sozcu.com.tr

 

[enoch]

From FT today,

UAE agrees deal to boost Turkey’s central bank reserves

Turkey and the United Arab Emirates signed a $5bn deal to boost Ankara’s foreign currency reserves in the latest sign of warming ties between the two former arch rivals. The two nations’ central banks announced a swap agreement that they said would be worth 18bn dirhams ($4.9bn) and 64bn lira...

news.google.com

Seems like a good time to bring that up the day before the bank meeting at 2 tomorrow.

 

[Camden]

Habertürk journalist Fatih Altaylı someone supposedly in the know ... has predicted a resignation of someone in high office ... after he said hearing it "confirmed by the sources at the top".

Altaylı, who did not provide information about the address of the resignation, which he said "very, very important", saying "There is an institution in Turkey that has been on the agenda a lot lately and even criticized from time to time".

Another journalist Murat Yetkin wrote down two names spoken Govt backstage his today's article. In the relevant section of his article titled "Five critical questions in Ankara", or Yetkin said that the names of Central Bank Governor Şahap Kavcıoğlu or the TurkStat President Sait Erdal Dinçer were mentioned behind the scenes of their resignation.

Yetkin said, “One of the first names to come was Kavcıoğlu, the President of the Central Bank.

According to the news in Birgün, the third name spoken in the backstage is Presidential Communications Director Fahrettin Altun.

'Çok önemli istifa' için üç tahmin

Fatih Altaylı’nın isim vermeden yazdığı ‘çok ama çok önemli istifa’ sahibinin kim olduğu Ankara kulislerinde tartışılıyor.

www.gazeteduvar.com.tr

 

[Saoirse]

To be fair the lira has been remarkably steady this past couple of weeks

 

[enoch]

To be fair the lira has been remarkably steady this past couple of weeks

Well after spending billions of dollars to keep it afloat I should hope so.

 

[Kanga]

1 GBP = 18.2977 TRY
Jan 20, 2022, 10:58 UTC

 

[Rua]

Interest rates remain the same at 14%. 0.22% drop in the Euro.

 

[Kanga]

EXCLUSIVE Turkish bank employees compelled to boost lira-defence scheme -sources

Turkey's big state banks have set employee performance targets as they urge clients to convert foreign currencies into lira under a deposit-protection plan introduced last month to stem a currency crisis, according to people familiar with the effort.

www.reuters.com

 

[enoch]

2.3 billion dollars out flows from Turkey in the first 2 weeks of January.

 

[Camden]

The inflation is hitting ordinary Turks hard .

meters of oil and rice queues in the cold weather​

TMO's (Turkish Grain Board ) selling oil and rice cheaper than the market , caused the scenes of the pre-80s era experienced in Kütahya. Hundreds of citizens who wanted to buy cheap oil and rice waited in line for hours to buy oil and rice at minus 10 degrees Celsius.

CHP İzmir Deputy Tuncay Özkan shared the photo of the citizens who were in the cheap oil queue in front of TMO in Afyonkarahise and Kütahya on his social media account and dropped the following note:

“The people of Kütahya waited in line for cheap oil in the freezing cold. The AKP era will be remembered with oil, bread, potatoes, onions and fuel queues . This is Afyon. Cheap oil queue it means poverty, it means absence of basic goods ”

Soğuk havada metrelerce yağ ve pirinç kuyruğu

Soğuk havada metrelerce yağ ve pirinç kuyruğu - Türkiye'de halkın yakın tarihte tanık olduğu gıda kuyruklarına yenileri ekleniyor. 2019'da daha ucuz patates ve soğan alabilmek için tanzim satış kuyruklarına giren halk, 2021 ve 2022'de ekmek, yağ ve diğer bazı gıda ürünleri için kuyruğa girmek...

www.sozcu.com.tr

 

[enoch]

View attachment 25918

The inflation is hitting ordinary Turks hard .

meters of oil and rice queues in the cold weather​

TMO's (Turkish Grain Board ) selling oil and rice cheaper than the market , caused the scenes of the pre-80s era experienced in Kütahya. Hundreds of citizens who wanted to buy cheap oil and rice waited in line for hours to buy oil and rice at minus 10 degrees Celsius.

CHP İzmir Deputy Tuncay Özkan shared the photo of the citizens who were in the cheap oil queue in front of TMO in Afyonkarahise and Kütahya on his social media account and dropped the following note:

“The people of Kütahya waited in line for cheap oil in the freezing cold. The AKP era will be remembered with oil, bread, potatoes, onions and fuel queues . This is Afyon. Cheap oil queue it means poverty, it means absence of basic goods ”

Soğuk havada metrelerce yağ ve pirinç kuyruğu

Soğuk havada metrelerce yağ ve pirinç kuyruğu - Türkiye'de halkın yakın tarihte tanık olduğu gıda kuyruklarına yenileri ekleniyor. 2019'da daha ucuz patates ve soğan alabilmek için tanzim satış kuyruklarına giren halk, 2021 ve 2022'de ekmek, yağ ve diğer bazı gıda ürünleri için kuyruğa girmek...

www.sozcu.com.tr

Just wait until inflation hits 50+ and the full months energy bills come in February.